Use of Financial Services: Key Indicators, Outstanding Deposits with Credit Unions and Financial Cooperatives for Costa Rica
CRIFCLODUGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.70
Year-over-Year Change
84.78%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures outstanding deposits with credit unions and financial cooperatives as a percentage of Costa Rica's GDP. It provides insights into the use of financial services and the role of cooperative banking in the country's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services: Key Indicators, Outstanding Deposits with Credit Unions and Financial Cooperatives for Costa Rica series tracks the value of deposits held with credit unions and financial cooperatives in Costa Rica as a proportion of the country's gross domestic product. This metric reflects the importance of cooperative banking in the financial ecosystem.
Methodology
The data is collected and calculated by the Central Bank of Costa Rica.
Historical Context
This trend is relevant for understanding the growth and significance of the cooperative banking sector in Costa Rica's financial system.
Key Facts
- Costa Rica's cooperative banking sector holds over 10% of the country's total GDP in deposits.
- Credit unions and financial cooperatives play a significant role in providing financial services to underserved communities in Costa Rica.
- The outstanding deposits with credit unions and financial cooperatives have grown steadily over the past decade in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits with credit unions and financial cooperatives in Costa Rica as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the importance of the cooperative banking sector in Costa Rica's financial system and its role in serving the needs of individuals and communities.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial institutions to understand the growth and significance of the cooperative banking sector in Costa Rica's overall financial landscape.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Costa Rica, with minimal update delays.
Related Trends
Value of Exports to Costa Rica from Rhode Island
RICRIA052SCEN
Use of Financial Services: Number of Depositors at Credit Unions and Financial Cooperatives for Costa Rica
CRIFCDODUPENUM
Inflation, consumer prices for Costa Rica
FPCPITOTLZGCRI
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Costa Rica
CRICP110000IXNBM
International Merchandise Trade Statistics: Trade Balance: Commodities for Costa Rica
CRIXTNTVA01NCMLSAM
Non-Life Insurance Premium Volume to GDP for Costa Rica
DDDI10CRA156NWDB
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Credit Unions and Financial Cooperatives for Costa Rica (CRIFCLODUGGDPPT), retrieved from FRED.